The Chile Financial Market Commission has postponed by six months the entry into force of its amendment to bank related-party lending rules, moving the effective date of Circular Letter No. 2,364 to December 26, 2026. The amendment relates to the prohibition on banks granting loans to their directors, authorized representatives and other related parties. Circular Letter No. 2,364, issued on June 19, 2025, changed the definition of companies subject to that prohibition. The commission said it delayed implementation because of the regulatory costs involved in putting the new rule into effect.
Chile Financial Market Commission2026-06-15
Chile Financial Market Commission delays bank related party lending rule by six months to December 26 2026
The Chile Financial Market Commission has pushed back by six months the effective date of Circular Letter No. 2,364 to December 26, 2026. The amendment affects the ban on banks granting loans to directors, authorized representatives and related parties, including changes to the definition of covered companies. The delay was made because of implementation costs.